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Policy & Regulation

Making room for the Independents

azprom is facing growing competition from independent companies set to flood the Russian market with low-cost gas over the next five years. What impact will this have on Russia’s domestic gas market?

26 September 2011
Companies & Finance

JP Morgan signs loan with Sberbank

JP Morgan Treasury has signed a $100 million trade finance loan with Russia's Sberbank to facilitate pre-export lending for oil and gas companies in the country.

23 September 2011
Companies & Finance

Surgil project finance out to market

A project finance facility to back the Surgil natural gas complex in Uzbekistan is out to market with banks asked to commit to a $1.6 billion export credit agency (ECA) and multilateral backed facility.

23 September 2011
Exploration & Production

Gazprom launching major programme for Arctic shelf exploration

Gazprom expects its exploration of the Arctic shelf to result in deposits amounting to about 11 billion tons of hydrocarbon fuel equivalent being discovered by 2030, one of the company's top executives said on Friday.

23 September 2011
LNG

A promising future for LNG ice class vessels

Russia’s ambitious plans to increase its LNG output and deliver gas from its Arctic ports to Asia Pacific markets are proving to be a boon for the country’s shipping companies.

23 September 2011
Exploration & Production

SOCAR announces feasibility study for $15 bln petrochemicals complex

State Oil Company of the Azerbaijani Republic (SOCAR), along with a group of companies, has announced a feasibility study for building a petrochemicals complex costing an estimated $15 billion, SOCAR's vice-president for strategic development, Tofik Gakhramanov, said at the Gas Infrastructure World Caspian 2011 conference on Friday.

23 September 2011
Companies & Finance

Beltransgaz deal with Gazprom nearing completion

Gazprom held a "very constructive" round of talks with Belarusian Prime Minister Mikhail Myasnikovich on Thursday, discussing terms for Russian natural gas exports to Belarus and for Russian gas transit through Belarus to Europe that would take effect next year, said the Russian gas company's chief executive, Alexei Miller on Friday.

23 September 2011
Supply & Demand

Pipeline project sponsors continue charm offensive in Baku

Representatives from Nabucco, TAP and ITGI pipeline projects presented their cases at the Gas Infrastructure World Caspian Conference in Baku this week, hoping to secure gas from the second phase of Shah-Deniz.

22 September 2011
Policy & Regulation

Tengizchevroil pays $11.5 mln fine for unauthorised flaring

Tengizchevroil, the company developing the Tengiz and Korolevskoye oil and gas fields in western Kazakhstan, has paid environmental damages of more than 1.7 billion tenge ($11.5 million), the environmental prosecutor for the Atyrau region, Arshat Taitullin said on Wednesday.

22 September 2011
Policy & Regulation

Russia’s finance ministry ready for Shtokman tax breaks talks

Russia’s finance ministry is prepared to discuss the possibility of offering tax breaks for the Shtokman gas deposit project, Deputy Finance Minister Sergei Shatalov told Interfax on Thursday.

22 September 2011
Companies & Finance

British fund vying for Alrosa gas assets - Kommersant

British private investment fund British Empire Special Situations, part of the British Empire Fund group and financed by Steven Clark Rockefeller, plans to buy Russian diamond monopoly Alrosa's gas assets, Geotransgas and Urengoi Gas Company, for $1-$1.3 billion, Russian newspaper Kommersant business daily wrote on Wednesday.

21 September 2011
Companies & Finance

Geo Alliance drafts new investment programme

Geo Alliance, the oil and gas company controlled by Ukrainian billionaire Viktor Pinchuk’s EastOne investment and consulting group, plans to launch a new investment programme aimed at sustainable growth of hydrocarbon production, EastOne Chief Executive and President Gennady Gazin said.

21 September 2011
Policy & Regulation

Gas transport tariff for independent producers may be indexed 6%-12% by July 2012

The tariff for transporting gas charged to independent producers may be indexed by from 6% to 12% as of 1 July next year, head of the Federal Tariff Service (FTS) Sergei Novikov told reporters on Wednesday.

21 September 2011
Supply & Demand

Russia wants to increase Azerbaijani gas buys - SOCAR chief

Russia is interested in increasing the amount of gas it buys from Azerbaijan, the president of State Oil Company of the Azerbaijani Republic (SOCAR), Rovnag Abdullayev, told the press at the annual Gas Infrastructure World Caspian 2011 conference in Baku on Wednesday.

21 September 2011
Exploration & Production

New drilling rigs key priority for SOCAR

State Oil Company of the Azerbaijani Republic (SOCAR) is in need of a new drilling rig for prospecting work, SOCAR President Rovnag Abdullayev told reporters on Wednesday.

21 September 2011
Policy & Regulation

Tariff for Sakhalin-Vladivostok gas pipeline does not cover Gazprom costs - FTS

The tariff for transporting gas through the new Sakhalin-Khabarovsk-Vladivostok trunk pipeline does not cover Gazprom's construction costs for the pipeline, the head of the Russian Federal Tariff Service (FTS), Sergei Novikov, told Interfax on Wednesday.

21 September 2011
Companies & Finance

Sibur eyes gas projects in Vladivostock

Russia’s petrochemicals firm Sibur may take part in the construction of a gas refinery and a petrochemicals complex in Vladivostok for refining gas received via the Yakutia-Khabarovsk-Vladivostok pipeline, the general director of Sibur-Vostok, Denis Solomatin, told Interfax on Wednesday.

21 September 2011
Supply & Demand

Shah Deniz consortium to decide on gas export route to Europe by 2012

Participants in the Shah Deniz project in Azerbaijan's sector of the Caspian Sea will decide by 2012 on a route to deliver the project's gas to European markets, Richard Tawse, the project's commercial manager, said at the annual Gas Infrastructure World Caspian 2011 in Baku on Wednesdsay.

21 September 2011
Supply & Demand

Gas independents to maintain supply deals with E.On Russia

E.On Russia, the Russian electricity arm of German utility E.On AG, plans to maintain the proportion of gas it consumes from independent gas suppliers throughout 2012, chairman of the company's board of directors Sergei Tazin said on Wednesday.

21 September 2011
Supply & Demand

SOCAR looks to supply gas directly to DEPA in Greece

The State Oil Company of the Azerbaijani Republic (SOCAR) is negotiating with Greece's national gas company DEPA and Turkey's Botas over direct gas shipments to Greece, SOCAR Vice President Elshad Nasirov told reporters on Wednesday.

21 September 2011

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